TERMS ON
INVESTMENT SERVICES(Last updated: 26 July 2024)
This document is property of Tradit Ltd. The reproduction in whole or in part in any way
including the reproduction in summary form, the reissue in a different manner and anychanges in the original document or any translated version is strictly forbidden without
the prior specific permission of Tradit Ltd.

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Tradit Ltd. is licensed and regulated by the FSC Mauritius lic. no GB21026376. The company is legally obliged to follow all laws of
the Republic of Mauritius and rules and conditions of the Mauritius Financial Services Commision.

Table of Contents
1.

INTRODUCTION ............................................................................................................................... 32.

DEFINITIONS .................................................................................................................................... 33.

GENERAL STATEMENTS AND PROVISIONS...................................................................................... 8

4.

COMMUNICATIONS ........................................................................................................................ 95.

RISK ACKNOWLEDGMENT ............................................................................................................... 9

6.

REPRESENTATIONS AND WARRANTIES ......................................................................................... 10

7.

CONCLUSION OF CONTRACT ......................................................................................................... 11

8.

TRADING ACCOUNT ...................................................................................................................... 12

9.

TRANSACTION ACCOUNT AND CREDIT CARD ............................................................................... 13

10.

DEPOSITS AND WITHDRAWALS ................................................................................................ 14

11.

PENDING/REJECTED DEPOSITS ................................................................................................. 15

12.

CLIENT MONEY .......................................................................................................................... 16

13.

FEES & CHARGES ....................................................................................................................... 16

14.

TRADING.................................................................................................................................... 16

15.

SECURITIES TRADING ................................................................................................................ 18

16.

SOCIAL TRADING ....................................................................................................................... 19

17.

MARKET DATA ........................................................................................................................... 20

18.

AGENTS AND JOINT ACCOUNTS ................................................................................................ 2019.

ISLAMIC ACCOUNTS .................................................................................................................. 21

20.

CLOSING OF TRADING ACCOUNT .............................................................................................. 22

21.

TERMINATION OF CONTRACT ................................................................................................... 23

22.

DORMANT CLIENT ACCOUNT .................................................................................................... 24

23.

TECHNICAL ISSUES .................................................................................................................... 24

24.

DEFAULT .................................................................................................................................... 24

25.

INDEMNIFICATION .................................................................................................................... 25

26.

DATA PROTECTION.................................................................................................................... 26

27.

DECISIONS OF AUTHORITIES OR COURTS ................................................................................. 26

28.

DISCLOSURES ............................................................................................................................ 26

29.

JURISDICTION AND GOVERNING LAW ...................................................................................... 27

30.

FINAL PROVISIONS .................................................................................................................... 27

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1.

INTRODUCTION

1.1. These Terms and Conditions on Investment Services (the “Terms”) are issued by Tradit
Limited, incorporated under the laws of the Republic of Mauritius, under registration
number 179444 and having its registered office at Suite 207, The Catalyst, Silicon Avenue
40, Cybercity, 72201 Ebene, Republic of Mauritius (“AXIORY”).
1.2. AXIORY is a Licensed Investment Dealer, authorised by the Mauritius Financial Services
Commission (“FSC”) under License No. GB21026376, to provide trading in financial andcommodity-based derivative instruments and other securities (“Investment Services”).
1.3. These Terms set out the basis upon which AXIORY will provide you with the Investment
Services. These Terms supersede all of AXIORY’s previous terms and conditions and any
amendments thereto and are effective from either the specified date or the date youcommence a business relationship with AXIORY.
1.4. AXIORY may run promotions from time to time which are subject to both these Terms
and any additional promotion-specific terms which are incorporated into these Terms byreference. The promotion-specific terms can vary by country or by promotion. You
should ensure that you read the specific conditions that apply to each promotion.
1.5. THESE TERMS ARE A LEGALLY BIDING AGREEMENT BETWEEN YOU AND AXIORY AND SO
IT IS IMPORTANT THAT YOU READ THEM CAREFULLY. If you have any questions about
these Terms, you should contact us as soon as possible and/or seek independent legal
advice.
2.

DEFINITIONS

2.1. For the purposes of the present Terms, the following terms shall be interpreted asfollows:
Affiliated Partymeans a person or entity that owns or controls, is owned
or controlled by, or is under common ownership with
AXIORYAgentmeans a third person acting on behalf of a Client based oneither a contractual relationship between the Client andthe third person or a binding decision of authority (Powerof Attorney) stating that the third person is a legal
representative of the Client
AML Policy
means a set of internal rules and measures imposed upon
the employees, vendors, partners, and any external party
involved in Client referral, Client onboarding andtransaction processing, of AXIORY with the purpose ofabiding to and/or being compliant with applicable laws on
the prevention of money laundering and terrorist
financing. The AML Policy can be found on the Website.
AXIORY’s Accountmeans an account opened with another financial
institution in the name of AXIORY under the conditions
described in Paragraph 10 of these Terms.
Bid-Ask Spreadmeans the difference between the highest price a buyer iswilling to pay (Bid) and the lowest price a seller is willing toaccept (Ask) for a financial instrument. This spreadwww.axiory.com

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Business Day
ClientClient AccountClosing Position

Complaint

Complementary Services

Conflict of Interest

Contract

Corporate Action

Creditwww.axiory.com

represents the cost of executing a trade and may varydepending on market conditions and liquidity.
means any day other than a Saturday or Sunday where thebanks are open for general commercial businessmeans any person, who has in their own name enteredinto a Contract (as this is defined below) and so establishedlegal rights and obligations between themselves and
AXIORY arising from and in compliance with the Contract
and other documents, which are declared to be an integral
part of the Contract
Means MyAxiory and all Trading Accounts under the
MyAxiory Profile
means the process of termination of an opened position.
Once this process is successfully completed, legal rights
and obligations related to the concerned position
terminate together with the position, in which such
position is then considered as closedmeans an expression of dissatisfaction by a Client (orpotential Client) relating to an Investment Service or
product provided or offered by AXIORY
means services that are related to and accompany
Investment Services. Complementary services areprovided by AXIORY without further notice or special
consideration from the Client whenever such services arenecessary to enable or facilitate the provision of
Investment Services
means a situation in which there is a potential of
weakening impartiality of one of the parties to theContract because of discrepancy between the party’s
interest concerning the Contract and other professional or
self interest. It also means cases of discrepancy between
parties’ interests and public interest
means the applicable contractual framework in relation to
Investment Services provided by AXIORY. It is entered into
by AXIORY and the Client and includes the legal
documentation considered to be an integral part of theContract, namely account application filled by the Client,these Terms, Full Risk Warning, AML Policy, Trading
Execution, FATCA & CRS and Privacy Policy as updated
from time to time and available on the Website
means a corporate event that may impact the share priceof the relevant company. Corporate Actions include, but
are not limited to, share issues, mergers, conversions,share splits, sell-offs and dividends
means a fictional amount assigned to the Trading Account.
This amount increases the value of equity
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Currency

Deactivation

ETF
ETD
Event of Default

Exchange Rate
FATCA
Financial Instruments

Incorrect Quotation

Introducing Partner

Investment Questionnaire

Joint AccountLeverage
Login
Market Data
Market Executionwww.axiory.com

means a medium of exchange in the form of money, which
is issued by a government and circulated within an
economy. Currency is the basis for trades on foreignexchange market
means the closure of all Trading Accounts and terminationof the Contract, and access to MyAxiory profile becomes
restrictedmeans exchange traded fundmeans exchange traded derivativemeans either one of the events of default described underParagraph 24.1 of these Terms and/or an action or
circumstance that causes a lender to demand full
repayment of an outstanding balance sooner than it was
originally duemeans the rate between two currencies in which one
currency will be exchanged for anothermeans Foreign Account Tax Compliance Actmeans the investment instruments and investment
products that AXIORY makes available as part of theServicesmeans prices of Financial Instruments provided to the
Client that are significantly different from the prices of
their underlying instruments as provided by the AXIORY’s
liquidity provider
means a person acting as an agent by referring Clients to
AXIORY based on a contractual relationship between
AXIORY and such person. Unless stated otherwise in theagreement between AXIORY and such person, theIntroducing Partner has no right to act in the name of
AXIORYmeans a series of questions concerning potential Client’s
financial background, trading experience, knowledge plans
and investment goals
means a Trading Account owned by two or more persons,all of them acting as one Clientmeans the use of borrowed capital to be able to makelarger trades with a limited amount of moneymeans a unique username and Password, which allows
Clients to access the Trading Systemmeans the stream of Quotations and market information
provided by AXIORY to the Clientmeans the method of execution when the Clients are
opening or closing their position(s), these orders go to theopen market where they are filled at the best available
price. There is a delay before the trade is placed and when
it is filled. This method of execution does not allow stopsupport@axiory.com

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MyAxiory

Opening Position

Parent Order
Password
Power of Attorney
Politically Exposed Person

Quotation
Reactivation
Smart Onboarding System

SpreadStop Loss
Technology Provider

Trading Accountwww.axiory.com

loss and profit from orders will be specified and set at the
moment of placing a new trademeans a mean of distant communication for the purposeof facilitating the process of entering into the Contract,
management of the Trading Account and gathering
necessary information about AXIORY’s Clients. MyAxiory
forms a significant part of the Trading Systemmeans the process of establishing or entering into a trade.
Once this process is started, legal rights and obligations
related to concerned trade arise. Once this process is
successfully completed, an opened position is establishedmeans the initial order placed by the Client to buy or sell afinancial instrument
means a sequence of characters, which is used todetermine a person requesting access to Trading Systemmeans a written authorization of a third person torepresent the Client and act on the Client’s behalfmeans an individual who has been entrusted with aprominent public function, such person’s close relative or
any person known to be close associate of that Politically
Exposed Person. Politically Exposed Person is defined in
the Financial Intelligence and Anti-Money Laundering
Regulations 2018, including all of its amendments, issued
by the Mauritius Financial Intelligence Unit
means specified prices of Financial Instruments offered at
specific times to the Clientmeans regaining full access to MyAxiory profile andopening of new Trading Accountmeans the quicker onboarding of a Client without therequirement
toprovide‘know-your-customer’
documentation as described in Paragraph 7.6, provided
that such Client does not exceed a cumulative deposit
amount of USD 1,000 (One Thousand US Dollars)means a variable difference between the price, at which aclient may buy and sell a particular Financial Instrument.
This variable spread varies within a certain range. This
range is movable according to the internal bank market
means a risk management tool used by Clients to limit
potential losses on a trademeans a third party providing AXIORY with necessary
technical means based on a contractual relationshipbetween such person and AXIORY. Technology Provider is
not an employee of AXIORY
means an account opened with AXIORY solely in the nameof the Client for the purpose of registering the balance andall Transactions concerning funds of the Client
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Trading Hours

Trading Platform

Trading System

Transaction

Transaction AccountTransaction Confirmation

Transaction Credit Card

Transaction Margin

Transaction Order
Unavoidable
Circumstances

US Reportable

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means time frames during which the transactions onparticular Financial Instruments can be executed. Trading
Hours of AXIORY are generally from Sunday 5:15 PM (EST)through Friday 4:00 PM (EST)means the online trading platform(s) made available by
AXIORY to its Clients, including MT4/MT5 and cTrader
Platforms
means a complex of software and internet-based
applications provided by AXIORY to the Client in a way ofconnecting to the dedicated servers designated for that
purpose by AXIORY, and facilitates the process of provisionof Investment and Complementary Services
means an agreement between two parties (the buyer andthe seller). It states that the seller will pay the buyer thedifference between the current value of an asset and its
value at "contract time". If the difference is negative, thebuyer pays the seller insteadmeans one or more accounts, which meet therequirements set in Paragraph 9 of these Terms and whichhave successfully passed the process of Verificationmeans an automatic written confirmation of successful
execution of a Transaction. The confirmation is generated
by the Trading System and shows up in the list of
Transactions within the Trading Accountmeans one or more credit or debit cards, which meet therequirements set in Paragraph 9 of these Terms and whichhave successfully passed the process of Verificationmeans collateral in the form of monetary funds, which isnecessary to be provided by Client for each opened
positionmeans an order placed by Client for AXIORY to conclude a
Transactionmeans circumstances that arise independently of the willof party obliged under the Contract and which prevent thisparty of Contract from performing its obligation, provided
that it cannot be reasonably expected that the obliged
party could overcome such circumstances or its
consequences, and further that the occurrence of thecircumstances was unpredictable at the time when the
obliged party undertook to perform the obligation
In accordance with FATCA, a US reportable person is (a) a
US citizen (including dual citizen), (b) a US resident alien fortax purposes, (c) a domestic partnership, (d) a domestic
corporation, (e) any estate other than a foreign estate,
and/or (f) any trust if: (i) a court within the US is able toexercise primary supervision over the administration of thetrust; (ii) one or more US persons have the authority tosupport@axiory.com

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Verification

Website(s)3.

control all substantial decisions of the trust; and/or (iii) any
other person that is not a foreign personmeans the process or act of checking and potentiallyconfirming the truth and validity of information provided
by Client to AXIORY. Such information concern Client’s
background, personal (and corporate, if applicable) andaccount details and are verified by requested
documentation, as described herein and in the Contract.
Without due and successful Verification, the Contract
cannot be entered intomeans www.AXIORY.com and any other website as may be
added and updated by AXIORY, in its sole and absolute
discretion, from time to time

GENERAL STATEMENTS AND PROVISIONS

3.1. These Terms govern the rights and obligations of the Client and AXIORY arising from theContract. As agreed in the account application, the Terms are an integral part of it andas a consequence both parties hereby agree and declare that they shall respect the rightsof the other party and perform their own respective obligations duly, properly and withreasonably expectable care. Unless stipulated otherwise herein, in the Contract or in theother documentation governing the legal relationship between AXIORY and the Client,or unless agreed otherwise upon the parties, the rights must be respected andobligations performed since the Contract is entered into and until the Contract isterminated with respect to conditions of terminations stated herein and in the Contract.
3.2. Any time in these Terms that the term “Contract” is referred to, unless stated otherwise
such referral also includes other documents, forming an integral part of the Contract andare listed in the body of the Contract.
3.3. In these Terms, depending on the context masculine might include feminine and neuter,singular includes plural and vice versa.
3.4. AXIORY reserves the right to amend or revise these Terms unilaterally by posting therevised Terms on the Website. The revised Terms shall be effective as of the time postedon the Website but will not apply retroactively. AXIORY undertakes that these changes
do not cause a fundamental change or deterioration of status of a Client. Any suchchange can arise only with regard to the legitimate interests of the counterparties. The
Client’s continued use of the Investment Services and/or Complementary Services,
constitutes their acceptance of such revised Terms. If the Client does not agree with any
such amendment(s), they may terminate their use of the Investment Services andComplementary Services and close their Trading Account(s).
3.5. Both parties hereby represent and warrant that when dealing with the other party
concerning any matter arising out of the Contract, all the information they provide shallbe truthful and their acts and statements shall be in full accordance with the applicablelaw agreed upon in Paragraph 29 of these Terms.
3.6. AXIORY reserves the right to assign its obligations hereunder to any third party without
any consent of the Client. These Terms are personal to the Client and Client cannot assign

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any rights or obligations under this Contract to any third party without a written consent
of AXIORY.
4.

COMMUNICATIONS

4.1. Unless stated otherwise, any communication between AXIORY and Client, which relate
to this Contract and its scope in any way, shall be done orally, by phone, email or otherelectronic means including MyAxiory or by correspondence.
4.2. Notwithstanding Paragraph 4.1 and unless stated otherwise in these Terms, any
amendments or supplements to the Contract and related documents shall be made inwriting.
4.3. Any communication from AXIORY shall not be deemed effective unless served to the
Client. Any communication from the Client shall not be deemed effective unlessaccepted by AXIORY.
4.4. The language used in the Contract, related documents and their amendments shall be
the English language. Whenever the Client is required to provide any document to
AXIORY, such document must be in the English language, unless required otherwise by
AXIORY or tacitly accepted.
4.5. The Client hereby acknowledges and agrees that AXIORY makes, saves and keeps recordsof all communication as described in Paragraph 4.1, regardless whether such
communication is made by phone, in writing, via MyAxiory or in any other way. The
content of such communication shall be considered confidential and serves only for the
purpose of evidence and to comply with AXIORY’s AML Policy.
4.6. Whenever a communication as described in Paragraph 4.1 is carried out by email, theClient must use only one dedicated email address.
4.7. Actual contact information and details of AXIORY are indicated and listed on the Website
while AXIORY has the right to change them in accordance with other provisions of theseTerms anytime without any notice to the Client.
5.

RISK ACKNOWLEDGMENT

5.1. Client acknowledges and understands that trading and investment on foreign exchange
is highly speculative, involves an extreme degree of risk, and is generally appropriate only
for persons who can assume risk of loss in excess of their margin deposit.
5.2. Client further understands that because of the low Transaction Margin and high Leverage
normally available in foreign currency trading, price changes in foreign currency, trading
may result in significant losses. Such losses may substantially exceed Client’s investment
and Transaction Margin deposit. Any profit or loss arising as a result of a fluctuation in
the exchange rate affecting trading Currency shall be borne by the Client in full.
5.3. Client warrants that the Client is willing and able, financially and otherwise, to assume
the risk of foreign currency trading, and in consideration of AXIORY carrying Trading
Account, Client agrees not to hold AXIORY and its Technology Providers responsible forlosses incurred through following its trading recommendations or those of its employees,
agents or representatives.
5.4. Client hereby acknowledges that any guarantee of profit or loss clearing cannot be given
and it is impossible to predict performance in foreign currency trading. Client
acknowledges that they have received no such guarantees from AXIORY or from any ofwww.axiory.com

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its employees, representatives or any Introducing Partner and has not entered into thisContract in consideration of any such guarantees or similar representations.
5.5. All transactions effected for the Trading Account and all fluctuations in the market pricesof the Transaction Orders carried are at the Client’s risk, and Client shall be solely liable
therefore under all circumstances. Should the Trading Account end in debit, the Client
warrants that they will pay AXIORY the amount due.
5.6. AXIORY shall not be held responsible for any delays or partial or total failures in any online(electronic) Trading Platforms or any communications facility or other causes beyond
AXIORY’s reasonable direct control.
5.7. The Client understands and recognizes that the transactions to be conducted pursuant
to this Contract are not conducted on a regulated market or exchange.
6.

REPRESENTATIONS AND WARRANTIES

6.1. Apart from other representations made by Client herein, the Client further represents
and warrants that:(a) If the Client is an individual, they are of sound mind, legal age and of full legal capacity
to enter into the Contract;(b) If the Client is a legal person, it is duly organized, constituted and validly existingunder the applicable laws of the jurisdiction in which the Client is constituted andeach individual dealing with AXIORY in any matter concerning the Contract is duly
authorized by the Client;(c) The Contract and its execution shall not violate any law, regulation, by-law or policy
applicable to the Client or be inconsistent therewith;(d) Any information, documents or data provided by the Client while entering into theContract and any time during the validity and effectiveness of the Contract are
accurate, truthful and not misleading in any formal or material respect;(e) Client is willing and financially able to sustain any loss of funds resulting fromTransactions and any services provided under the Contract, unless such loss is causedby violation of applicable law or provisions of the Contract, gross negligence or willful
misconduct from the side of AXIORY;(f) Client is a sole beneficial owner of all funds transferred under the Contract and thatsuch funds do not derive directly or indirectly from any criminal activity under theapplicable laws. The Client has not granted and will not grant any security interest in
Trading Account with AXIORY to any person except AXIORY without prior writtenconsent of AXIORY.
(g) Before the conclusion of the Contract, the Client hereby represents that they haveread carefully and fully agreed not only with the Contract and documents forming an
integral part of it, but also other documents relevant for the performance ofobligation under the Contract including, but not limited to AXIORY’s AML Policy,
Privacy Policy, Full Risk Warning, Trading Execution Risks, FATCA & CRS, or current
trading conditions. All of the documents can be accessed through the Website.
(h) Before the conclusion of the Contract, the Client had the opportunity to conductsimulated trading using AXIORY’s demo Trading Platform for a period that has
allowed the Client to develop a full understanding of the Trading System andprinciples of trading.

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7.

CONCLUSION OF CONTRACT

7.1. The Contract is essential for the existence of legal rights and obligations of parties to theContract arising thereof. Such rights and obligations come to existence at the momentof conclusion of the Contract. These Terms are an integral part of the Contract.
7.2. The Client hereby acknowledges that by the moment of conclusion of this Contract, there
are no legal rights and obligations established between the Client and AXIORY, unlessexpressly stated otherwise herein or in the Contract.
7.3. The Contract is considered to be concluded following the first deposit of the Client into
their Trading Account.
7.4. The conclusion of Contract is considered as defective if any party to the Contract was notaware thereof and was not supposed to be reasonably expected to know such fact,including but not limited to one or more of the following situations:(a) Provision of false, untrue information by the other party or provision of informationof misleading nature in any other way by such party;(b) Missing true will of the other party to enter into Contract;(c) The other party suffers lack of legal capacity to enter into Contract at the time of its
conclusion.
7.5. Consequences of such defective conclusion of the Contract shall be as described in
Paragraph 21.6 of these Terms.
7.6. For the purpose of executing the process of Verification, potential Client-individual, must
fulfil the following requirements within registration form and MyAxiory:(a) Choosing and entering Password for the access of a potential Trading Account;(b) Entering their personal data - full name, residence address, nationality, date & placeof birth, telephone number and email address;(c) Stating whether they are a Politically Exposed Person;(d) Stating whether they are US Reportable;(e) Filling in the Investment Questionnaire;(f) Uploading photocopies of proof of identity documents within registration form or
into MyAxiory, which shall prove the truthfulness of personal data entered bypotential Client as described under Paragraph 7.6 (b), which have further been issued
by public authority and shall include a photo of Client;(g) Uploading photocopy of Proof of Residence documents within registration form or
into MyAxiory, which shall prove the truthfulness of personal data entered bypotential Client;(h) Choosing a Trading Platform.
An exception to the requirement stated under Paragraph 7.6 is the Smart Onboarding
System where the client is not required to provide documentation or details under lettere) and g) of this Paragraph, unless the Client deposits over USD 1,000 (One Thousand US
Dollars) cumulative amount at which point they are obliged to meet each requirementof Paragraph 7.6 of these Terms.
7.7. For the purpose of executing the process of Verification, potential Client-entity (legal
person), shall fulfil the following requirements within MyAxiory:(a) Entering Password for the access of a potential Trading Account;(b) Entering company details: name, seat address, date of incorporation, company ID,
telephone number, email address and nature of business;

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(c) Entering personal data of any Agent, acting on behalf of such potential Client - full
name, residence address, nationality and their legal position;(d) Filling in an Investment Questionnaire;(e) Uploading photocopies of Proof of Identity and Proof of Residence documents into
MyAxiory, which shall prove the truthfulness of personal data of potential Client’s
Agent as described under letter c), which have further been issued by publicauthority and shall include a photo of the Agent;(f) Uploading photocopy of the following documents into MyAxiory (proof of existence,list of Agents and list of owners together with distribution of shares), which shallprove the truthfulness of company details as described under letter b) and whichhave further been issued by public authority;(g) Choosing Trading Platform(s).
7.8. For the purpose of executing the process of Verification, any potential Client, dependingon the selected first deposit method, shall provide a photocopy of the following
documentation:(a) In the event of using credit card for the first deposit, a document proving the numberof such credit card, that such credit card is valid and held in the name of a potential
Client, issued by an authorized credit institution and connected to such accountopened with this institution; or(b) In the event of using wire transfer for the first deposit, a document proving an
existence and number of account open with credit institution, held in the name of apotential Client.
7.9. The Client hereby acknowledges and agrees that due to AXIORY’s AML Policy, eachdeposit must be made by credit card or account held in the name of the Client
exclusively, while such credit card or account details must be indicated in MyAxiory prior
to making the deposit, as described in Paragraph 7.8.
7.10. AXIORY shall examine the data, provided based under Paragraphs 7.6 to 7.9, on a regularbasis.
7.11. Potential Client hereby acknowledges that in the event AXIORY does not consider the
information or documents provided by the potential Client in compliance with
Paragraphs 7.6 to 7.9, in its sole discretion, as satisfactory with regard to AXIORY AML
Policy, AXIORY may require additional information or documents from such potential
Client before the conclusion of this Contract.
7.12. If the potential Client successfully fulfils the requirement described in this Paragraph 7,
AXIORY shall send a confirmation of such fact to the Client within two working days via
email, provide the Client with full access to their Trading Account and allow Client toexecute Transaction Orders.
8.

TRADING ACCOUNT

8.1. Subject to these Terms, AXIORY grants the Client a personal, limited, non-exclusive, fully
revocable, non-transferable and non-sub-licensable license to use the Trading Accountsolely for the Client’s own use and benefit.
8.2. AXIORY hereby represents and warrants that while dealing with any monetary funds orother assets of Client, it shall act prudently and with due professional care. Furthermore,
AXIORY shall not disclose any confidential information and facts related to Trading
Account to third parties, unless it’s:
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(a) necessary for the performance of obligations under this Contract;(b) necessary for the purposes described in Paragraph 27 of these Terms or other actions
required by the authorities, administrative bodies or courts;(c) expressly permitted by the Client in writing.
8.3. The information, documents and data provided by the Client in accordance with
Paragraph 7 are parts of the Trading Account. The Client is obliged to inform AXIORY
about any changes in such information, documents or data. It is Client’s obligation toprovide AXIORY with up-to-date information and support the information withcorresponding documents. If possible, e. g. in cases including, but not limited to,
expiration of proof of residence or ID card, the Client is obliged to fulfil this obligation
prior to effectiveness of such change, otherwise without due delay.
8.4. As stated and agreed by the parties hereunder and under the conditions specified herein,
AXIORY shall open, maintain and manage a Trading Account for the Client.
8.5. The Trading Account shall be maintained and all operations concerning the Trading
Account shall be made by both parties of the Contract via MyAxiory, unless expressly
stated herein or in the Contract.
8.6. The Trading Account is accessible through MyAxiory after entering pre-set Login and
Password by Client. The Client hereby acknowledges and agrees that the Client is the
only person authorized and permitted to manage the Trading Account in respect toentering Transaction Orders, changing or updating personal data and in other way
perform rights and obligations arising from the Contract and these Terms.
8.7. Trading Account is held in a Currency chosen by the Client at the time of conclusion ofthis Contract. Full range of Currencies, in which Trading Account may be held, depends
on the current offer of AXIORY.
8.8. No interest is accrued or debited in relation to the funds and deposits made to Trading
Account.
8.9. The Client hereby acknowledges that the funds deposited by the Client on the Trading
Account are kept in one or more accounts held with a financial institution on behalf of
AXIORY. The selection of specific financial institution, with which such accounts are held,
is solely within AXIORY’s discretion. However, such choice shall be done in accordancewith Paragraph 8.2. Client is obliged to notify AXIORY about any suspicion or awarenessof potential unauthorized use of the Password to Trading Account without delay. In sucha case AXIORY shall disable Trading Account without undue delay.
8.10. The Client may request revision of any non-executed Transaction. Such revision may be
carried out only on the basis of justified reasons (so a reasonable concern of incorrect
calculation, non-execution etc.). However, if the Client’s request proves to be inadequate
and unjustified, AXIORY may, at its own discretion, charge USD 100 (One Hundred US
Dollars) per revision. In the event such revision proves that such request of Client was
justified and Transaction non-executed, AXIORY shall bear the costs of such revision.
9.

TRANSACTION ACCOUNT AND CREDIT CARD

9.1. Any credit card or account, from which the first deposit to Trading Account is successfully
made, is authorized automatically as Transaction Account/Transaction Credit Card.
9.2. To add a new Transaction Account or Transaction Credit Card to the register in MyAxiory,
Client must provide documentation necessary for Verification of the account/credit card,as described in Paragraph 7.8 of these Terms.
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9.3. Client depositing funds via Transaction Credit Card can only be withdrawn within a ten(10) month period. After the lapse of the ten (10) month period, any withdrawal requests
must be processed using an alternative withdrawal method registered in the Client’s
name.
10.

DEPOSITS AND WITHDRAWALS

10.1. The funds deposited on the Client’s Trading Account may be used by AXIORY solely forthe following purposes.
(a) Settlement of Transactions;(b) Settlement of fees and commissions charged in accordance with conditions set up by
each Trading Platform;(c) Coverage of Transaction Margin;(d) Withdrawal of funds;(e) Conclusion of new Transactions;(f) Collateral/security deposit.
10.2. The Client hereby acknowledges that in case the amount of funds on the Trading Accountis not satisfactory for settlement of all Transaction Orders entered by the Client, theorder of the list presented in Paragraph 10.1 reflects the priority for usage of funds on
the Trading Account and prospective new deposited funds.
10.3. The Client further acknowledges and agrees to the following concerning deposits offunds:(a) All deposits must only be made from Transaction Account(s) or Transaction Credit
Card(s), otherwise they will be rejected by AXIORY;(b) The deposits must be made and the corresponding funds must be sent only in the
Currency, in which the Trading Account is maintained;(c) The deposited funds shall become available within the Trading Account after AXIORY
receives a confirmation from the financial institution of the funds being credited to
AXIORY’s Account. When such a confirmation is received, AXIORY shall make funds
accessible without undue delay;(d) Funds deposited via Transaction Credit Card can only be withdrawn within a ten (10)month period. After the lapse of the ten (10) month period, any withdrawal requests
must be processed using an alternative withdrawal method registered in the Client’s
name.
10.4. The Client hereby acknowledges and agrees to the following concerning withdrawals offunds:(a) A request for withdrawal can be filled only (i) in writing by using a withdrawal form,
which can be found on the Website or (ii) via MyAxiory by entering the corresponding
information specified therein. If the Account is terminated for whatever reason, theClient will need to make a withdrawal request by contacting AXIORY’s Support teamin accordance with Paragraph 21.9 herein.
(b) Upon receipt of a withdrawal request, AXIORY will proceed with the withdrawal anddeduct all charges arising from the Transaction Account. All withdrawals are subject
to a minimum withdrawal amount as indicated in the Website must only be made toTransaction Account(s) or otherwise the request for withdrawal will be rejected by
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(c) The request shall further be rejected by AXIORY in case that the requested amountexceeds the minimum Transaction Margin required for currently Opened Position.
The request shall further be rejected by AXIORY in case that the person placing therequest is not duly authorized or their authenticity is disputable;(d) The withdrawals are executed and the corresponding funds are sent to Transaction
Account only in the Currency, in which the Trading Account is held;(e) AXIORY reserves a maximum period of 5 (five) working days, starting from themoment the Client submits a withdrawal request, before the funds are transferredto the Transaction Account of the Client. The period serves for Verification of the
Client placing the request and the amount of funds remaining on the Trading
Account. While every effort will be made to complete the withdrawal within thistimeframe, the Client acknowledges that in certain circumstances the processing ofwithdrawals may take longer. AXIORY is committed to executing withdrawal orders
without undue delay and will strive to complete the process as quickly as possible.
(f) The Client hereby acknowledges that in the event where AXIORY receives a request
for a refund or chargeback of funds already credited to AXIORY’s Account, no matter
whether such request comes from the Client or a financial institution, with which
Client’s Transaction Account is opened, such request can only be satisfied up to theamount of funds remaining and being available on the Trading Account at the
moment of delivery of the request to AXIORY. AXIORY has no responsibility and shallnot refund or charge back any loss caused by unsuccessful trading or spent on
charges.
10.5. The Client hereby acknowledges and agrees that all transactions between Client and
AXIORY shall be performed by wire transfer or other method in which AXIORY is incompliance with AXIORY’s AML Policy and AXIORY can verify the identity of the Client ortake other measures under its AML Policy. AXIORY may not accept deposits to the
Trading Account from third party account; neither may AXIORY withdraw any funds from
Trading Account to any third-party account.
10.6. The Client hereby acknowledges that any chargebacks or refunds shall only be made toTransaction Account or via Transaction Credit Card.
10.7. The Client hereby acknowledges and agrees that any funds deposited via Transaction
Credit Card can only be withdrawn within a ten (10) month period. After the lapse of theten (10) month period, any withdrawal requests must be processed using an alternative
withdrawal method registered in the Client’s name.
10.8. In the certain occasions the Client shall be awarded bonuses in the form of Credit. This
Credit shall be removed anytime according to the decision of AXIORY. The Client is notentitled to the legal claim of Credit assignation. Detailed description shall be found in a
special terms and conditions of each bonus promotion.
11.

PENDING/REJECTED DEPOSITS

11.1. AXIORY shall inform its Clients about pending deposits (received, but not credited to the
Trading Account yet) within 1 (one) Business Day, if there are no issues (suspicioustransactions, etc.) that would result in further compliance assessment.
11.2. Client shall provide relevant proof of deposit to AXIORY, if requested by AXIORY.
11.3. In the event of not resolving the pending deposit in 20 (twenty) calendar days pursuant
to Paragraph 11.1, such funds shall be returned to the sender.
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12.

CLIENT MONEY

12.1. The Client agrees that funds deposited with AXIORY shall be held in designated andsegregated client money accounts with reliable financial institutions such as credit
institutions or banks, segregated from the assets of AXIORY.
12.2. Client funds shall be in AXIORY’s possession or control and subject to a right of set-off for
all Client liabilities towards AXIORY, irrespective of the number of accounts held with
AXIORY.
12.3. Client agrees that funds may be placed in a different currency that the Client’s basecurrency, and held in omnibus accounts with funds of other Clients.
13.

FEES & CHARGES

13.1. Actual fees & charges applicable within the relationship of AXIORY and the Client are
indicated in respective list of fees & charges on the Website. These fees & charges mayvary from country to country.
13.2. AXIORY has the right to change such fees & charges, add or revoke new fees & charges
upon written notice to the Client, which must be sent to the Client at least 1 (one) week
before the change to the charges is applied for the first time.
13.3. For any Transaction Order or other act made by Client, from which charges might arise,
the amount charged to the Client shall be counted accordingly to the relevant list of
charges, which was valid at the time of entering Transaction Order or other act, fromwhich the charges might arise.
13.4. Data feed charge: AXIORY reserves the right to levy a reasonable charge to reflect its
costs in making real time prices available to the Client if the Client repeatedly accesses
its Trading Account over an extended period without placing any Transaction Orders.
14.

TRADING

14.1. The Client hereby acknowledges that for the purpose of any Transaction Order, the Client
is obliged to provide a Transaction Margin under the following conditions:(a) The required amount of funds used as Transaction Margin shall be calculated as apercentage of the nominal value of the Transaction Order. Such percentage varies
depending on type of Financial Instrument and its actual Exchange Rate, therefore
might be subject to frequent changes and the provided Leverage;(b) The Transaction Margin must be provided in the Currency of the Trading Account;(c) The funds used as Transaction Margin shall be blocked during holding position andaccordingly shall not be available to the Client;(d) AXIORY has the right to change the required Transaction Margin. Client must be
informed about the fact without undue delay;(e) The Client is obliged to maintain the amount of funds on the Trading Account higher
than required Transaction Margin for their Opened Positions. In case that amount offunds on the Trading Account falls below the required Transaction Margin forOpened Positions, Client is obliged to deposit additional funds on the Trading
Account or close one or more positions in order to reduce the risk of falling below
required Transaction Margin without undue delay;

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(f) Client hereby agrees that whenever the amount of funds on the Trading Account falls
below 50% (Fifty Percent) of the required Transaction Margin for Opened Positions,
AXIORY has the right to close one or more Open Positions of the Client without
Client’s consent in order to reduce sufficiently the required Transaction Margin.
Client shall be notified about this fact without undue delay;(g) AXIORY offers clients a negative balance protection which does not charge loss
exceeding the margin when the set position cannot be closed and the margin
becomes negative in an irregular situation such as concentration of market order.
Margin negative will be resolved within 7 (seven) Business Days and the equity will
return to "0" (zero). In the event such balance is not brought back to 0 (zero) fromnegative, the Client shall contact AXIORY;(h) AXIORY reserves the right to apply changes to and amend the Leverage ratio (i.e.,decrease or increase the Leverage ratio), at its sole discretion and without any
notification, case by case on any account of the client as deemed necessary by
AXIORY.
14.2. AXIORY shall provide the Client with systematic Quotation of prices of Financial
Instruments, providing buying price, selling price and the amount of Spreads of each
Financial Instrument. Information on current Spreads and prices are passed to the Client
through the Trading System and accessible on the Website.
14.3. AXIORY has the right to suspend Quotation and trading on a specific Financial Instrumentin the cases including, but not limited to, suspension of trading on an underlying
instrument or Force Majeure as described herein.
14.4. AXIORY has the right to modify Spreads without any notice to the Client.
14.5. The Client acknowledges and agrees that AXIORY uses Market Execution method. Under
this method, the orders are sent to the open market, where they are filled at the best
available price. The Client further acknowledges and agrees to the following:(a) there may be a slight delay between the placement of the order and its execution.
This delay is inherent in the Market Execution method;(b) there is a possibility of cancellation when utilising Stop Loss orders with Market
Execution on the cTrader Platform. This occurs when the Stop Loss price is evaluatedas invalid due to its relative position compared to the current market price.
Specifically, if the Stop Loss price is set within the current Bid-Ask Spread at the timeof the pending Parent Order execution, it will be considered invalid andautomatically cancelled;(c) it is the responsibility of the Client to exercise caution and consider the potential
risks associated with Stop Loss orders when utilising Market Execution. The Client isadvised to monitor market conditions and adjust their Stop Loss levels accordingly,
ensuring that they are valid and aligned with current market prices;(d) AXIORY shall make reasonable efforts to execute the orders promptly and at the best
available price within the constraints of the open market. However, the Client
acknowledges that market conditions may impact the execution speed and priceobtained, and AXIORY shall not be held liable for any losses or discrepancies resulting
from such market fluctuations.
14.6. AXIORY may at its sole discretion, while making reasonable efforts for post notification,
alter, refuse to transmit or execute any Transaction Order or revoke an executed
Transaction in particular in the following cases:

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(a) the Transactions were executed by arbitrage/exploitation of market failures, offmarket rates or any other abusive technique as determined by AXIORY;(b) a technical problem withheld the transaction from being executed as desired;(c) a liquidity provider has cancelled or altered the Transaction with AXIORY; and/or(d) the Transaction covering was executed with the liquidity provider. AXIORY is also
entitled, at any time and at its discretion, without giving any notice or explanation to
the Client, to decline or refuse to transmit or arrange for the execution of any
Transaction Order or request or instruction of the Client.
14.7. A Transaction Order can only be entered within the Trading Platform under theconditions set in this Paragraph 14.
14.8. AXIORY has the right to refuse an Opening Position in its sole discretion and without any
responsibility of the amount of both actual damage and lost profit of the Client.
14.9. Unless stated otherwise herein or executed by AXIORY without due diligence orinconsistently with the instructions of the Client, the Client has full responsibility of any
Transaction Order or other instruction executed via the Trading Account.
14.10. Client is able to place to the Trading System only Transaction Orders, which are allowedby AXIORY. Such Transaction Orders include, but are not limited to, stop orders, limit
orders or contingency orders. The current offer of Transaction Orders allowed by
AXIORY can be changed by AXIORY without any notice to Client.
14.11. Any single Transaction Order may refer only to buying or selling of one particularFinancial Instrument.
14.12. In order to achieve validity, any Transaction Order shall contain at least the name of
the Client and identification of the Trading Account, type of Financial Instrument, date
and time of placement of the Transaction Order, volume of Financial Instrument, typeand number of the Transaction Order. A valid Transaction Order can only be modified
before its execution, unless stated otherwise herein.
14.13. Client hereby acknowledges that any Transaction Order shall be executed only when
Client has sufficient amount of funds on the Trading Account to establish Transaction
Margin, otherwise the Transaction Order will be rejected.
14.14. Any Closing Position shall result in the termination of all rights and obligations arisingfrom such previously open position, unless stated otherwise herein. Financial result of
the Closing Position is settled by AXIORY on the day of closing.
15.

SECURITIES TRADING

15.1. The Client can buy and sell ETFs, ETDs and other securities (“Securities”) on the Trading
Platform as may be offered by AXIORY from time to time. The Client acknowledges that
the Trading Platform is not an exchange or market, and the buying and selling of
securities is conducted on the Trading Platform and the Client shall be unable to transfer
such securities out of their Trading Account.
15.2. AXIORY will ask its Clients (non-US persons) to sign a W-8BEN form before accepting anorder to invest in US listed securities. The Client agrees to inform AXIORY if they are nolonger eligible for W-8BEN status.
15.3. Securities shall be held in custody on behalf of the Client, with AXIORY taking thenecessary measures to ensure the protection of the Client’s ownership rights.
15.4. The Client agrees that as the Securities will be held in pooled accounts, the dividends or
distributions received may be net of applicable taxes which have been paid or withheld
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at rates which may be less beneficial than those that might apply if the Securities were
held in the Client’s own name or not pooled. Payments of dividends or distributions shallbe credited on the Trading Account upon such payment is distributed by the issuer.
15.5. AXIORY is not obliged to notify the Client or arrange attendances at any annual general
meetings or extraordinary general meetings applicable to the held Securities and/or
arrange the exercise of any voting rights attached to the held Securities, whether
exercisable at an annual general meeting or otherwise.
15.6. AXIORY agrees to promptly inform its Clients of any Corporate Actions in relation to the
Securities held, upon receiving such information from AXIORY’s custodians. AXIORY does
not undertake an obligation to acquire information on Corporate Actions from any othersources other than from its custodians.
15.7. The Client may be offered to take part in any Corporate Action upon submitting a
respective written instruction to AXIORY, and may be allowed to do so depending on theconditions of such Corporate Actions. In the event the Client obtains information on
Corporate Actions on their own, the Client may inform AXIORY of their wish to take partin the Corporate Action, and AXIORY shall reserve the right to charge the Client a
respective fee. The Client acknowledges and agrees that AXIORY may refuse to executea Client’s instruction for participation in any Corporate Action.
15.8. AXIORY reserves the right in its sole discretion to close out any Open Positions impacted
by a Corporate Action in a fair manner, and/or may make any required adjustment,
including in price and/or quantity, resulting from the Corporate Action as may be
applicable.
15.9. AXIORY agrees to promptly inform the Client of the delisting of a Security held by such
Client.
16.

SOCIAL TRADING

16.1. AXIORY partners with a third-party provider of a social trading application (“Social
Trading”), and as part of the Client’s Trading Account, the Client is provided with accessto Social Trading. It is the Client’s responsibility to carefully read and observe all the terms
and conditions, and disclosures relating to the use of Social Trading
16.2. The Client hereby acknowledges that should they choose to use Social Trading, the Client
does so at their own risk, and that AXIORY or its Affiliates shall in no way be responsible
for reviewing the Client’s choice and use of Social Trading, or the actions taken by it, nor
making any recommendations with respect thereto. The Client further acknowledges
and understands that:(a) AXIORY makes no warranties nor representations concerning Social Trading;(b) AXIORY and its Affiliates shall not be responsible for any loss to the Client occurring
as a result of Social Trading;(c) AXIORY does not, in any way, endorse or approve the operating methods of Social
Trading;(d) It is the Client’s responsibility to perform necessary due diligence on the use of Social
Trading prior to using Social Trading, and to satisfy themselves of its suitability to the
Client;(e) AXIORY does not take any responsibility for the Social Trading system. The Client
understands the volume of trading and resulting commissions that system maygenerate and the impact this may have on the performance of their Trading Account.
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The Client accepts the risks associated with the use of computers and data feedsystems, which may include, but not limited to, failure of hardware, software orcommunication lines and/or inaccurate external data feeds provided by third parties,
and the Client further agrees to hold AXIORY and its Affiliates harmless from any
losses in the Trading Account associated with these risks. The Client acknowledges
that neither AXIORY, nor its Affiliates, officers, directors, partners, employees, orassociated persons will be liable for any such breakdown or failure;(f) Any decisions or actions taken by a third party on the Client’s behalf via Social Trading(“Third-Party Agent”) shall be deemed to have been taken by the Client and any
losses or gains generated by such third party’s action shall be for the Client’s Trading
Account; and(g) The Client shall hold AXIORY and its Affiliates harmless from and against all liabilities,
losses, damages, costs and expenses, including attorney’s fees that may arise directly
or indirectly from Social Trading, including, without limitation, all actions, instructions
or omissions by the Third-Party Agent.
17.

MARKET DATA

17.1. The Client hereby represents and warrants to AXIORY that:(a) it will limit its use of Market Data solely for the Internal Use (as defined below) of the
Client. “Internal Use” shall mean access to and use of Market Data for performanceof research and analysis, preparation of hardcopy research documents and reports
and for other data processing use, analysis and distribution to the Client (if an
individual) or within Client’s own organization (if an entity) but not for redistributionof, or the provision of access to, Market Data to any third-party including but notlimited to any clients or customers of Client or to any other non-Client persons or
entities. A Client-entity shall advise each of its employees having access to Market
Data of the proprietary nature to treat such information pursuant to these Terms.
Client shall not make Market Data provided to them by AXIORY available to any otherperson;(b) Client-entity shall display the Market Data within a closed environment only to thirdparty providers they entered into a legal relationship with based on any respective
license or any other agreement or arrangement with AXIORY, relating to the use,
display and/or redistribution, as applicable, of such Market Data, while the Cliententity agrees that they maintain all such licenses, agreements and arrangements infull force and effect for so long as it receives the Market Data pursuant to theseTerms.
18.

AGENTS AND JOINT ACCOUNTS

18.1. The Client will be able to grant access to their Trading Account to another user, allowing
the latter to trade on the Client’s Trading Account, subject to Paragraphs 18.1 to 18.6
and to this Agreement.
18.2. In the event an Agent is acting on behalf of Client, AXIORY shall request all informationand documents necessary for the identity Verification of such Agent (see Paragraph 7.6
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(a) While dealing with an Agent for the first time;(b) While any of the provided data or document(s) have expired;(c) Any other time AXIORY considers it necessary for fulfilling the requirements set out
by its AML Policy.
18.3. The provided documents must further provide satisfactory legal base for Agent toexecute proposed act; otherwise AXIORY shall reject such act.
18.4. In case the rights of the Agent in the event described in Paragraph 18.2 are based on a
Power of Attorney, AXIORY may, at its sole discretion, require the signature of the Client
as a principal on the Power of Attorney to be authorized by a public notary and the Powerof Attorney to be apostilled and super legalized. In case that the rights of Agent insituation described in paragraph 18.2 are based on Power of Attorney, the Power ofAttorney must include:(a) Detailed personal data of the Client;(b) Detailed personal data of the Agent;(c) Precisely defined scope of act(s) to which the Agent shall be authorised;(d) Signature of the Client as principal.
18.5. The Client agrees to have full responsibility and liability for any unlawful conduct by the
Agent and to reimburse AXIORY against any loss, damage or expense incurred as a resultof the Agent’s unlawful actions.
18.6. AXIORY reserves the right, at its reasonable discretion, to refuse to accept instructions
from the Agent or terminate the Agent’s rights in relation to any Trading Account. AXIORY
needs not provide the Client or the Agent with reasons for such decision.
18.7. In case AXIORY concludes single Contract with more than one person, having joint
property (and bank account, as applicable) and acting as a Client, the following
conditions apply:(a) AXIORY requires identification and verification of the identity of both persons inaccordance with Paragraph 7 of these Terms;(b) AXIORY may require additional documentation proving that the provided funds,
Transaction Account(s) or Transaction Credit Card(s) are part of the joint property;(c) Each of the persons, owning the Joint Account, shall be considered as a co-owner ofTrading Account, as well as joint creditor and joint debtor for the purposes of rights
and obligations arising out of the Contract;(d) Each of the co-owners of Joint Account has the right, in general, to control the
Trading Account and has a disposition right to the funds thereon. In some cases,
however, AXIORY has the right to refuse or reject Transaction Orders or instructions,
made by any of the co-owners, unless consent of the other co-owner(s) is provided
in writing;(e) Even if the communication is held with one of the co-owners, the right to object
against such communication shall be granted to each of the co-owner.
18.8. The conditions set in paragraph 18.7 (a) to (e) above apply accordingly to the cases of
Joint Accounts.
19.

ISLAMIC ACCOUNTS

19.1. Islamic Accounts, also known as swap free accounts, offer trading with Financial
Instruments, offered by AXIORY, in order to be in compliance with the Sharia Law, as they
imply no swap or rollover interest on overnight positions. Islamic Account is completely
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swap free for as long as the Trading Account is open and it should only be requested andmade available for Clients who are followers of this Islamic tradition (hereinafter referred
to only as the “Islamic Account”).
19.2. AXIORY reserves the right to request any proof of religion or respective declaration withregard to the Client’s request for Islamic Account. By accepting these Terms for Islamic
Accounts, the Client hereby confirms that any potential disadvantage, arising out of theswap-free accounts or in relation thereto, will be considered as prerequisite for the
purpose of compliance with Sharia law and interpretation, and may not be considered
as any form of discrimination.
19.3. Islamic Accounts can be opened with Nano, Standard, Max and TERA, accounts.
19.4. Islamic Account will not be charged by swaps; however, all other rules apply as describedin these Terms, and other legal documentation available on the Website and special
commissions applicable to Islamic Accounts.
19.5. In case a Client has more real Trading Accounts, by submitting an Islamic account request
and following its approval, all of the Client’s Trading Accounts shall have the Islamicstatus (no swaps applicable). A Client cannot have both an Islamic and a non-Islamic
account with AXIORY at the same time.
19.6. AXIORY reserves the right to decline an Islamic request, without providing any
explanation/justification to the applicant for Islamic Account.
19.7. AXIORY reserves the right to revoke the swap-free status granted to any real Trading
Account at any time without being obliged to provide any explanation or justification.
Furthermore, in the event that AXIORY shall detect any form of abuse, fraud,
manipulation, cashback arbitrage, carry trades, or other forms of deceitful or fraudulent
activity in regard to any Islamic Account of any Client, AXIORY reserves the right, at any
time to:(a) to revoke the Swap-free status from any and all real Trading Accounts of such Clientthat have been converted to an Islamic Account;(b) to correct and recover any un-accrued swaps and any related un-accrued interest;(c) expenses and or costs pertaining to any and all of such Client’s Islamic Accounts
during the period for which such Trading Accounts were converted into Islamic
Accounts; and/or(d) to close all Trading/Islamic Accounts of such Client with AXIORY, nullify all trades
carried out in such Client’s Trading/Islamic Accounts with us and cancel all profits orlosses garnered in such Client’s Trading/Islamic Accounts with AXIORY.
All actions described above may be implemented with an immediate effect, without priornotification.
20.

CLOSING OF TRADING ACCOUNT

20.1. Legitimate reasons for closing of Trading Account include, but are not limited to:(a) Request by Client;(b) Obligation imposed by authority as described in Paragraph 27 of these Terms;(c) Suspicious activity on Trading Account in respect of identification of Client, origin offunds deposited on Trading Account or other matter concerning AXIORY’s AML
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(e) Reasonable suspicion of any violence of applicable law, rule or regulation made fromthe side of Client;(f) Inactivity of Trading Account for at least twelve months as per Paragraph 22 of theseTerms;(g) Substantial burdening of Platform by entering a very high amount of Transaction
Orders from the side of Client.
20.2. AXIORY is obliged to explain to Client the reason for closing the account anytime uponrequest.
20.3. The Client hereby acknowledges that AXIORY has the full right to disable Trading Accountanytime without prior notice to Client and at AXIORY’s sole discretion.
21.

TERMINATION OF CONTRACT

21.1. Upon an effective termination of the Contract the following amounts to be paid by the
Client become due and payable:(a) All outstanding fees, commissions and charges;(b) Any expenses arising from the termination of Contract or Closing Position;(c) Any other losses or expenses arising from the Contract.
21.2. The client hereby acknowledges that termination of Contract shall not affect any
Transaction previously entered into by Client and shall not relieve any of the parties fromany obligation arising out of the Contract and already existing at the time of effective
termination of Contract. AXIORY shall have the right to cancel, unwind or relief thecontractual parties from any transaction which is based on a breach of Contract or theapplicable law.
21.3. Each of the party can terminate the Contract with a 1-week (one week) written notice,
while such period is initiated at the moment such notice is effectively delivered to theother party.
21.4. Upon written consent of both parties, the Contract may also be terminated withimmediate effect or within a different period than the one stated in Paragraph 21.3.
21.5. In case of termination of the Contract in accordance with the Paragraphs 21.3 and 21.4
by the Client, such termination may occur only if there are no Open Positions on the
Trading Account. Otherwise, AXIORY shall close all Open Positions on the Trading
Account at the moment the termination of Contract comes into effect.
21.6. AXIORY has the right to terminate the Contract with immediate effect in case the Client
is in breach of any of the provisions of the Contract, in case any statements or
representations, provided by Client, are found to be false, untrue or misleading during
the effect of the Contract, whenever a Client’s status changes or a significant alterationin their fitness and propriety occurs, or whenever a Conflict of Interests arises.
21.7. In case of death of Client - individual or in the event of liquidation or insolvency of Client- entity, the Contract shall terminate automatically on the next Business Day after thereceipt of an official evidence of the fact above by AXIORY.
21.8. AXIORY has the right to terminate the Contract with immediate effect if the country ofClient’s residence appears on international sanction lists in accordance with AXIORY’s
Client Domicile Policy.
21.9. Subject to Paragraph 21.1 above, upon termination, any remaining balance will bereimbursed using the same method as the original deposit, whether it was made throughcredit card payments, wire transfers, or virtual cards. This means that if the initial deposit
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was made via wire transfer, the reimbursement will also be conducted through wiretransfer, ensuring source-to-source transaction. In exceptional circumstances, as
determined by AXIORY in its sole discretion, the remaining balance may be returned to adifferent source, provided such action is in compliance with AXIORY’s AML Policy andregulatory obligations. Exceptional circumstances may include situations where theoriginal source is inaccessible, or there are no sufficient funds remaining to cover any
applicable fees. AXIORY shall exercise the utmost care and compliance in making suchdecision. The Client shall receive any available balance upon following AXIORY’s
withdrawal process in accordance with Paragraph 10.4 herein. If the Client fails tocontact AXIORY’s Support team within 6 months following termination to request a
withdrawal of the Account’s remaining balance, AXIORY reserves the right to retain thefunds.
22.

DORMANT CLIENT ACCOUNT

22.1. The Client agrees that if no activity is detected on their Client Account for a period of
twelve (12) consecutive months, their Client Account becomes dormant and the Client
will be charged an inactivity fee of USD 5 per month, deducted from the Trading
Account(s) balance, until such balance becomes zero. If the Client has no remainingbalance or if the Trading Account(s) reaches zero balance, the Client has three (3) months
to activate the Client Account by performing any action, failing which, the Client Accountwill be deactivated, and the Contract terminated. If any activity is detected on the
Trading Account(s) before the end of the three (3) month period, the Client Account shallexit its dormant status and become active again. The inactivity fee is charged on a per
Client basis and not on a per Trading Account basis.
22.2. The Client understands that ‘inactivity’ means no transactions on the Trading Account(s)(i.e., no deposits, withdrawals, or transfers), no trading activity (i.e., no opening of new
positions or running existing ones), and that pending orders and trading activity on demo
accounts shall not be considered as activity.
22.3. In the event that the Client Account is Deactivated, the Client may apply for reactivation.
22.4. The Client acknowledges that AXIORY has the discretion to close the Trading Accountprior to the twelve (12) month lapse, including but not limited to, in the event that the
Client requests closure or has not completed their verification.
22.5. The Client understands and agrees that AXIORY reserves the right in its sole andabsolute discretion to refuse a Client’s request for Reactivation.
23.

TECHNICAL ISSUESAXIORY bears no responsibility for any loss that arises as a result of a system failure, including
but not limited to:(a) hardware or software failure, malfunction or misuse either on the Client’s side or AXIORY’sor both;(b) poor or no internet connection either on the Client’s side or AXIORY’s or both;(c) incorrect settings in the Trading System; and(d) delayed updates of the Trading System.
24.

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24.1. Each of the following constitutes an “Event of Default”:(a) the failure of the Client to provide any initial Margin and/or hedged Margin, or any
other amount due under the Contract;(b) the failure of the Client to perform any pecuniary obligation owed to AXIORY;(c) the failure of the Client to provide information requested in relation to the
Verification process undertaken by AXIORY;(d) if an application is made in respect of the Client pursuant to the relevant Bankruptcy
Laws, as amended or any equivalent act in another Jurisdiction (if the Client is anindividual), if a partnership, in respect of one or more of the partners, or if acompany, a receiver, trustee, administrative receiver or similar officer is appointed,
or if the Client makes an arrangement or composition with the Client’s creditors or
any procedure which is similar or analogous to any of the above is commenced in
respect of the Client;(e) where any representation or warranty made by the Client is/or becomes false, untrue
or invalid;(f) the Client is unable to pay the Client’s debts when they fall due;(g) the Client (if the Client is an individual) dies or is declared absent or becomes of
unsound mind;(h) the Client involves AXIORY in any type of fraudulent or illegal activity;(i) an action set out in the following paragraph is required by a competent regulatory
authority or body or court;(j) in cases of material violation by the Client of the requirements established byrelevant legislation, such materiality determined in good faith by AXIORY;(k) if AXIORY suspects that the Client is engaged into money laundering activities or
terrorist financing or other criminal activities;(l) if AXIORY determines that the Client is involved, whether directly or indirectly, in any
fraudulent, deceptive, manipulative, or otherwise illegal activity connected to the
Trading Account(s);(m) if AXIORY deems suspicious, in its sole and absolute discretion, any activity in the
Client’s Trading Account(s);(n) any other circumstance where AXIORY reasonably believes that it is necessary or
desirable to take any action set out in the following paragraph.
24.2. If an Event of Default occurs AXIORY may, at its sole discretion, at any time and without
prior Written Notice, take one or more of the following actions:(a) terminate this Contract without notice, granting the right to perform any action
specified in Paragraph 21;(b) combine any Trading Accounts, consolidate the balances in such Trading Accounts
and to offset those balances;(c) suspend or close the Trading Account;(d) cease to grant the access to AXIORY’s Trading System to the Client;(e) convert any Currency;(f) suspend, freeze, or close any Open Positions or reject Transaction Orders;(g) refuse to Reactivate or open new Trading Accounts for the Client;(h) reverse profits gained;(i) cancel, unwind or relief the Parties to the Contract from any executed transaction.
25.

INDEMNIFICATION
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25.1. The Client agrees to defend, indemnify and hold AXIORY, its Technology Providers,Affiliated Parties, and their respective employees, agents, successors and assigns
harmless from and against any and all liabilities, losses, damages, costs and expenses,
including attorney’s fees and other legal expenses, incurred by AXIORY arising out of thefollowing:(a) Client’s failure to perform their obligations in full arising out of the Contract properly
and on time;(b) in case that any of the representations and warranties made by Client herein or at
any time are found to be untrue or incorrect;(c) violation by Client of any applicable law, rule or regulation;(d) gross negligence or any willful misconduct by Client.
25.2. Unless expressly stated herein, Client also agrees to pay all damages, costs and expenses,
including attorney’s fees, incurred by AXIORY in the enforcement of any of the provisionsof the Contract or any other agreements concluded between AXIORY and Client and any
Transaction executed based on the Contract, to AXIORY without delay. The Client’s
obligation stated in this point arises upon the incurrence of the said costs.
26.

DATA PROTECTION

26.1. AXIORY is committed to protect all personal information of the Client, of which it
becomes aware in connection with the business cooperation between the client and
AXIORY. In this respect, AXIORY is governed by the applicable laws, business practices
and good manners.
26.2. AXIORY collects personal and non-personal information about the Client for business andmarketing purposes. Such information shall be shared with Affiliated Parties andbusiness partners to transact business effectively and the Client gives AXIORY express
permission to do so.
27.

DECISIONS OF AUTHORITIES OR COURTS

27.1. The Client hereby acknowledges that AXIORY shall follow and duly fulfil any and all
requirements of relevant financial and other authorities or courts and perform any
obligations imposed on AXIORY during the period of performance of its businessactivities. In case when such requirements or obligations are not consistent with
provisions of the Contract, the requirements and obligations imposed by authorities shallprevail and come first with no exceptions.
27.2. In case AXIORY acts inconsistently with the provisions of the Contract as a consequenceof situation described in Paragraph 27.1, such acts are not considered to be a breach ofContract and there is no responsibility arising on the side of AXIORY for any damage orloss caused to the Client.
27.3. Upon request of a relevant financial authority AXIORY may disable the Trading Account(s)immediately and without any prior notice.
28.

DISCLOSURES

Affiliated Parties, LFA International Limited (Reg. No. HE422638 and registered address at
Aiolou & Panagioti Diomidous 9, Katholiki, Limassol 3020, Cyprus), and PT International Limited
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(Reg. No. 9668659 and registered office at Enterprise House 5, Roundwood Lane, Harpenden,
Herts, AL5 3BW), are responsible for credit card processing.
29.

JURISDICTION AND GOVERNING LAW

29.1. These Terms are governed and construed in accordance with the laws of the Republic of
Mauritius. Disputes resulting from or arising in relation to the Investment Services shallbe submitted to the competent court of the Republic of Mauritius, unless the disputecan be settled amicably. Disputes resulting from or arising in relation to credit or debitcard transactions shall be submitted to the competent court of England and Wales.
29.2. Nothing in paragraph 26.1 will limit AXIORY’s right to commence proceedings in relation
to any dispute or claim in any jurisdiction that AXIORY considers appropriate, nor will thetaking of proceedings in one or more jurisdictions preclude AXIORY from taking
proceedings in any other jurisdiction, whether concurrently or not, if and to the extent
permitted by applicable law.
30.

FINAL PROVISIONS

30.1. In the event that the Client encounters any issues with the service provided by AXIORY,
it is recommended that the Client promptly (within three (3) days if the issue pertains to
a Transaction or Transaction Order and within fifteen (15) days for other issues orconcerns) reaches out to AXIORY’s Support Team for assistance in order for any concerns
to be addressed. If the Client finds that such concerns are not resolved to the Client’s
satisfaction by the Support Team, or if the Client prefers to submit a formal Complaint
directly, the Client has the option to complete the Online Complaint Form. AXIORY will
review and evaluate the Client’s Complaint and will aim to provide the Client with awritten response within fourteen (14) days of receipt of the Complaint. The Client’s rightto take legal action is preserved regardless of the process described in this Paragraph.
Should the Client remain dissatisfied with AXIORY’s final response, or if no final responseis received within the 14-day timeframe, the Client retains the option to escalate theComplaint to the Mauritius Financial Services Commission.
30.2. Both parties hereby agree that the Contract and these Terms can only be amended inwriting. This rule shall not apply to situations described in Paragraph 3.4 of these Terms.
30.3. Unless stated otherwise herein, oral amendments, agreements or instructions orTransaction Orders shall not be recognized or enforceable.
30.4. Client understands, acknowledges and agrees that AXIORY may amend these Terms at
any time. To meet the requirement of a written form, AXIORY shall provide notice toClient of any such amendment or change by sending an email message to Client and by
posting the amendment of these Terms on the Website. Client agrees to be bound by
the Terms of any such amendment.
30.5. In cases of Force Majeure, i.e., in situations beyond the control of any of the parties,
preventing them from meeting their obligations under these Terms, no responsibility
shall be taken for any harmful consequences or losses, incurred by any party, arising
thereof.
30.6. There is the possibility that certain ways of trading are capable to incur damage, unjust
enrichment etc. at expense of AXIORY. Such situations could be caused by willful usageof technical errors or defects, shuffling ways of trading, churning, unfair competitivewww.axiory.com

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practices etc. Similar situations, but not limited to, could arise in cases when any methodof trading is practiced in disproportionate or aggressive way (for example in the use of ahigh-frequency trading and/or latency arbitrage). The above trading strategies are
considered as abusive to AXIORY and remain prohibited. AXIORY hereby reserves theright to withhold performance of contractual obligations (including payment of fees etc.)
in the case where any abusive trading is detected. It is in the sole discretion of AXIORY todetermine the occurrence of abusive trading.
30.7. Any invalid or unenforceable provision of the Contract shall not affect any other provision
hereunder and the remainder of the Contract shall be valid and enforceable to full extent
permitted by law and the valid provisions of the Contract.
30.8. The Paragraphs and Paragraph titles and headings contained in these Terms are inserted
as matter of convenience and for ease of reference only and shall be disregarded for allother purposes, including the construction or enforcement of this Contract or any of its
provisions.

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Tradit Ltd. is licensed and regulated by the FSC Mauritius lic. no GB21026376. The company is legally obliged to follow all laws of
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